5516 Rising Sun Avenue

Local assessors in Philadelphia, PA have categorized 5516 Rising Sun Avenue as a commercial type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 1,598 square feet. The linear feet between the front and back of the lot was measured at 800 ft and the front of the lot was measured at 200 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5516 Rising Sun Avenue has a total of 2,080 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Lots of brick were used in the construction of the exterior walls of the home. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5516 Rising Sun Avenue sold most recently in Dec 8, 2023 for a total of $407,000. If you work out the math, that's approximately a cost of $195.67 per sqft. Before that, the property was also sold for $190,000 in Jun 12, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,087 in taxes each year. The initial year of tax delinquency occurred in 2020. 5516 Rising Sun Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $149,100. If we break it down further, the land itself was valued at $29,820. Improvements to the property, however, were assessed at a total of $119,280. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.